Major power company calls EV tax credit ‘necessary’
Pedro Pizarro, president and CEO of Edison International, stands for a photo in Rosemead, California, on Oct. 11, 2023. Pizarro's company is the first major utility to state its support for EV subsidies since President-elect Donald Trump won the election. Jae C. Hong/AP
President-elect Trump wants to eliminate the $7,500 tax credit on electric vehicles, which would hurt Tesla the most.
Tesla is making it clear that the tax credit is critical to Model Y and Model 3 pricing. The price with the incentive is now ...
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